First Time Home Buyers

Looking for your first home?

Buying your first home – It’s a big step. Get ready for an exciting time in your life! Looking for expert guidance and advice? We have access to multiple lenders giving you a world of best rates and options.

Quick facts:

Down Payment:

Minimum 5% required. It can come from savings, a gift from immediate family, in some cases it can be borrowed, or a combination of the above.

Closing Costs:

Plan on having additional funds set aside for legal fees, title insurance, home inspections, property taxes, Property Transfer Tax if applicable, house insurance, septic or well inspections if applicable, etc.

These costs cannot be factored into the mortgage. (See closing costs).

Qualifying Income:

If Employed – Gross income is used.

If Self-Employed – taxable income after expenses is used, averaged over 2-3 years (See self- employed)


Credit history is checked and credit score can affect ability to get a mortgage and also the interest rate that will be charged. Co-signers or guarantors are sometimes required when credit history is insufficient or has bumps.


The amount you qualify for is determined by a calculation of your income against your liability payments, including but not limited to – credit cards, loans, lines of credit, the mortgage payment, property taxes, heating component and strata fees, etc.

Get Pre-Qualified:

When homes are moving fast it pays to be prepared and know how much you can qualify for and that you are ready to go when that “right home” pops up.

Your mortgage professional can help you with so many things in getting ready to buy, such as determining what how much you can qualify for, checking to see if there is anything that has been reported wrong or needs correcting on your credit history, helping you figure out how much you need for down payment and closing costs and can even help you if you need additional funds for fix-ups on the property you are buying. Or help you get ready for a future purchase if now is not the time.

They are a wealth of information and advice that will guide you to a happy home buying experience!

Click the Apply Now button below to get started!

Need a pre-approval with a locked in rate before you go househunting?

Find out how much you can afford before you go househunting!

This will keep you focused on shopping for homes within your price range.

If you qualify for a preapproved mortgage, you’ll be certain of the size of mortgage for which you qualify and guaranteed a rate for a specific period of time.

If you don’t qualify for a pre-approved mortgage, we will be able to help you estimate a mortgage-qualifying amount.


Your home. Your mortgage. Our passion!

First Time Home Buyers October 2, 2017